Warrior Met Coal, Inc. (NYSE:HCC) Short Interest Down 7.1% in June

Warrior Met Coal, Inc. (NYSE:HCC) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 2,760,000 shares, a decline of 7.1% from the May 31st total of 2,970,000 shares. Based on an average trading volume of 719,100 shares, the days-to-cover ratio is currently 3.8 days. Approximately 5.4% of the shares of the company are sold short.

Institutional Trading of Warrior Met Coal

Large investors have recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. grew its holdings in shares of Warrior Met Coal by 50.0% in the third quarter. Adage Capital Partners GP L.L.C. now owns 75,000 shares of the company’s stock valued at $3,831,000 after purchasing an additional 25,000 shares in the last quarter. KGH Ltd grew its stake in shares of Warrior Met Coal by 11.2% in the 3rd quarter. KGH Ltd now owns 2,590,000 shares of the company’s stock worth $132,297,000 after buying an additional 260,091 shares in the last quarter. Seven Eight Capital LP bought a new stake in shares of Warrior Met Coal in the 3rd quarter worth about $964,000. Regal Partners Ltd raised its position in shares of Warrior Met Coal by 361.7% during the 3rd quarter. Regal Partners Ltd now owns 78,819 shares of the company’s stock valued at $4,026,000 after buying an additional 61,746 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in shares of Warrior Met Coal by 207.4% in the 3rd quarter. GSA Capital Partners LLP now owns 33,339 shares of the company’s stock valued at $1,703,000 after acquiring an additional 22,492 shares during the last quarter. Institutional investors own 92.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HCC. Citigroup raised shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and lifted their price target for the company from $60.00 to $75.00 in a report on Thursday, April 11th. BMO Capital Markets lifted their target price on shares of Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. B. Riley increased their price target on Warrior Met Coal from $87.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Finally, Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.80.

Warrior Met Coal Price Performance

Shares of HCC stock traded up $0.39 during mid-day trading on Wednesday, hitting $73.21. The company had a trading volume of 808,537 shares, compared to its average volume of 789,476. The company has a market capitalization of $3.83 billion, a P/E ratio of 8.81 and a beta of 1.05. The stock’s 50 day moving average price is $66.15 and its 200-day moving average price is $62.80. Warrior Met Coal has a 52-week low of $37.28 and a 52-week high of $75.53. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.86 and a quick ratio of 5.85.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.02 by $0.61. The business had revenue of $503.50 million for the quarter, compared to analysts’ expectations of $474.99 million. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.57 EPS. Equities research analysts forecast that Warrior Met Coal will post 6.98 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 13th. Investors of record on Monday, May 6th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Friday, May 3rd. Warrior Met Coal’s payout ratio is presently 3.85%.

About Warrior Met Coal

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.